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Show News and views from your county agent Estate planning meeting by Blaine Jones USU Extension Agent Last Thursday night we held a meeting back with a flash light. We went on with the meeting, but the light was pretty dim. As a result, estate on Lloyd Clement, management in the high school audi- torium. An interest- - i ing aspect of y who was kept it in the family as a farming or ranching operation. In each of these cases, also, this could have been done if adequate estate management planning had giving the information, wasnt able to present all been done and provisions that he would have liked to had been made for the transfer of the property. have presented. I believe, however, that Lloyd indicated that most with the Lloyd gave present property valsensible approach ues, estate and inheritance to the problems of estate taxes can amount to a large management that I had amount of money. He emphasized that they can only ever heard. The main purpose of the be paid in one way. He askmeeting last Thursday ed how that might be. Winn answered with night was to present an borrowed estate money. Lloyd overall view of the management, property indicated that he had intransfer problem. Lloyd tended to say with cash, but DeVons answer illusstated the problem in terms. To trated the point even better emphasize the reason for in too many cases. He also estate planning, he had a emphasized that when the poster on an easel which amount of these taxes is determined, they must be showed an attractive farmstead with a sign out in paid within nine months, front which read For Sale so there is not a lot of time. to Pay Estate Taxes. He went on to say that this situation occurs all too often. He said that he personally knows of ten farms and ranches in the state of Utah which had to be sold during the last year for this very reason. In each of these cases, there were heirs who would have liked to retained the farm and down-to-eart- that evening , v r that the Blaine Jones "i i was lights went out not long after we started. That high school auditorium can be a pretty dark place with no lights on. We continued for a short time in total darkness while Jay Dailey felt his way out of the building and came De-Vo-n Lions club The annual Christmas party of the Nephi Lions Club was held at Mickel-son- s Cafe on Saturday evening. The party was attended by Lions Club members and their partners. Ross Madsen, Russell Jackson, and DeLoy Anderson were in charge of the party. A musical selection was given by Cary Peterson, accompanied by Eileen Tolboe. Norman Sherwood gave a Christmas reading. This often results in the forced disposal of property. One of the biggest problems facing those who want to do estate management and property transfer planning is answering these questions: Where do you start? Who do you go to? What do you say? What questions do you ask? He indicated that al- though most farmers and ranchers right now might not have a lot of ready cash, they do control a lot of assets and a sizeable estate. He emphasized that for estates of any size at all, the above questions might be answered in this way: have done last Thursday night. Some more meetings are being planned for the month of January. In these meetings he will deal more specifically with some of the steps in the process of estate management. If you are interested, watch this column and I will keep you advised when the next meetings will be. This is a problem that all of us are concerned with. Plan to be with us. Although Lloyd didnt mention the Farmland Assessment Act in the estate management meeting, he that there are still many farmers in the state of Utah who have not taken advantage of the tax savings that could be realized through the Farmland Assessment Act. The Farmland Assessment Act is the one that was on the ballot a few years back as the Green-bel- t Ammendment. He stressed that this is not something that comes automatically to farmland, but is available to the farmers. The farmer, however, must did indicate to me The sessor and ask him for in- formation so that you can consider whether or not to TUIV 3 Times-New- s Nephi, Utah December 22, 1977 HO -- lag your holidays hr a gathering of love and You need a reliable attor- ney or law firm, a good insurance agent, and an accountant. One of the biggest tasks faced is getting all the asset values put together. This is one of the important things an accountant can help with. He stressed that in many cases this is no small task. Because of the lights being out, Clement was not able to present all the information he would liked to put your land under the Farmland Assessment Act. initiate the action. To do this, go to your county as- - 444 Delivering a message of cheer and gratitude to all togetherness ! We greet our friends und Irish gou jog at Christmus . our wonderful friends. Sunset Chevron South Main Nephi, Utah 1025 Mr. Kwiks Drive Inn Bob and Bobby Toomer Nephi, Utah nil a iCHRISTMASTIDEf bell ringing holiday! -- 'iff v It's our favorite time for saying thank you for your friendship and loyalty and for extending warm wishes to all. $ Theres no time quite like Christmas for remembering all the friends we a And thank yon for being cherish, and for wishing them all Silver Maple Service Nephi Taco Time snch good friends. Haps Sherms Conoco Service Levan, Utah, Sherm and Florence Peterson 805 North Main Lynn E. Powell 206 North Main 66 Nephi, Utah A siMPHomr 'X'OF WISHES FORA ' ' Santa arrives to say we wish you joy in every way Thank you for everything. Lees Market and Sears Catalog Store Closed to Christmas Day Dec. 31, 1977 Open to serve you again on N. Y. Day Sears Shoppers: Please pick up your order by Friday Sears will be closed on Dec. 24, 1977 ko VERY MERRY CHRISTMAS! Sunset Inn Restaurant 1025 South Main 3 s Christmas approaches it is a pleasure lor all of us to wish all of you a holiday abounding with Health, Happiness and Prosperity! Fros-T-Free- ze Its Christmas again and time to North Main Nephi, Utah 1050 Nephi, Utah ... tom A say how much it means to have the friendship and good will of folks like you . Accept our sincere thanks and warm wishes jt this glittering x time of the year we send wishes for your . i 4.' t O happiness , 9lwing with bright hope for the future. Cl y for a SZ We look forward to serving you again have they that love. Trumpeting our wishes that all the seasons of your life will he filled with peace and love. We appreciate Don Eyre Oil Co. Nephi, Utah Joyous Great peace your faith in us. Greenwood Inc. North Main Nephi, Utah 710 M ay the beauty of Christmas be an inspiration to you and those you love. Thanks for your faith. Whiting Bros. Service South Main Nephi, Utah 915 1 All Christmas Season and staff at of the management imWi &ERARTMENT STORES |
